Well, the presentations have been and gone and the SP is not performing real well. Me wonders why they have not posted them on the ASX website but that doesn't really worry me as one of the key issues would of course been their funding requirments.
I am guessing there is an issue looming and that the SP is drifting off as a result as it would have either been worked out by the general market or leaked within their broker by now.
My guess is it will be at least a 15% discount to market which at best puts it at 8.5 cents, possibly lower.
Time will tell. Happy punting all.
COY Price at posting:
9.5¢ Sentiment: ST Sell Disclosure: Not Held
